Product Cost Engineer

Wärtsilä is an innovative technology company known for being a forerunner in the Marine and Energy markets. Every day, we – Wärtsilians - put our hearts and minds into turning Wärtsilä's purpose of enabling sustainable societies through innovation in technology and services into reality. Our ultimate aim is to provide increased value to both our customers and society. New, game-changing ideas and continuous improvement have been part of our DNA since 1834. Together, we can create new business opportunities and more sustainable future that we can all be proud of. 

We want to transition the world towards a decarbonised and sustainable future. By pushing the boundaries of engineering and technology, we can make it work. We are always on the lookout for future-oriented talent – want to join the ride?

We are now looking for a 

Cost Engineer, W46, W46TS, W50

to join our team working for a better future. 

The position is permanent and the preferred location is in Trieste, but also other locations are possible.

What you will be doing 

As Cost Engineer, W46, W46TS, W50 in Power Supply Product Management and Sales Support, you will play a crucial part in supporting our Product Cost initiatives and ensuring the cost competitiveness of our products. You will work closely with the Technical and Commercial Manager for the product to achieve our set product development and profitability goals. Reporting to the Head of Product Management & Product Owner, W46, W46TS, W50, you will have the opportunity to contribute to the success of our organisation.

As Cost Engineer for W46, W46TS, W50, your work will focus on these responsibilities: 

• Working closely with product and technical management to improve the product cost structure and identify ideas for product cost reduction.
• Taking accountability for product design change cost analysis, product cost roadmap, product material (change) roadmap, product cost benchmarking reports, and data reliability of product data.
• Chairing the Product Line cross-functional team meeting to monitor and coordinate cost down activities.
• Following up on the cost gate model for new design introduction.
• Monitoring product cost development against business case and product cost target.
• Maintaining the basic product concept and participating in the development of the product cost model.
• Updating product price lists (including options) according to MP Product costing directive.
• Providing support for pricing of new products and special applications.
• Checking BOM correctness (including new releases) and make or buy variations.
• Conducting monthly product cost analysis.
• Checking and approving rolling forecast data for own products.
• Assessing product cost reporting and initiating and suggesting changes to processes or tools.
• Reviewing cost calculations and estimating margins for new and ongoing projects.
• Preparing material for Product Portfolio Management Forums.

To be successful in this role, we expect you to have: 

• Relevant academic background.
• Understanding of the product and technical requirements related to cost, product competitiveness, and value proposition.
• Solid fact-based decision-making skills.
• Excellent communication and negotiation skills.
• Financial understanding.
• Proactive and positive can-do attitude.
• Experience working in a cross-functional setting and managing stakeholder requirements.
• Track record from similar positions is considered an advantage.

Why you and us? 

We at Wärtsilä believe in empowerment, ownership and taking responsibility of our work. We support each other’s growth and co-creation is the true basis of our innovation. We have courage to see opportunities and take initiative. 

We are authentic and honest, and we strongly believe in that by being your own true self you can accomplish so much more. We don’t always get it right the first time, and if mistakes are made, we make sure to learn and grow from them. We want everyone to voice their opinions freely. That is why we have built an environment that empowers you and everyone around you, and where you can feel safe and cared for. Are you eager to be part of this ambition? 

We have an amazing team and we are excited about our work and the impact it has on building sustainable societies. We are looking to find a colleague with this shared passion for smart technologies and a sustainable future. 

Contact & next steps 

We hope to hear from you soon, by submitting your application through our careers portal. 

We aim to keep you updated on the process throughout. 

For further questions please reach out to Marco Cailotto, Head of Product Management W46,W46TS, W50, through marco.cailotto@wartsila.com with any questions related to this position (only for questions from direct job applicants, applications through email will not be recorded or responded to). 

Welcome to join us in shaping the decarbonisation of marine and energy!

Last application date: 15/10/2024 

At Wärtsilä we value, respect and embrace all our differences, and are committed to diversity, inclusion and equal employment opportunities; everyone can be their true self and succeed based on their job-relevant merits and abilities. 

This is Wärtsilä 

Wärtsilä is a global leader in innovative technologies and lifecycle solutions for the marine and energy markets. Our team of 17,800 professionals, in more than 280 locations in 79 countries, shape the decarbonisation transformation of our industries across the globe. Read more on www.wartsila.com.